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February 19, 2023
Question

Can I adjust my 1098-T? my 2022 Box 1 0 but spring tuition was reported in 2021, but the scholarship was applied in 2022?

  • February 19, 2023
  • 2 replies
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2 replies

February 19, 2023

If you believe that any of the numbers on your Form 1098-T are incorrect, you should contact the school as soon as possible for an explanation. If you file your return with entries that don't match the form that was filed with the IRS by the school, and you claim an education credit based on mismatched entries, you could receive an IRS notice proposing to disallow or adjust your credit.

 

Please see this TurboTax tips article for more information on Form 1098-T.

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Hal_Al
Employee
February 19, 2023

Q. Can I adjust my 1098-T?

A. Yes.

 

The 1098-T is only an informational document. The numbers on it are not required to be entered onto your tax return. However receipt of a 1098-T frequently means you are either eligible for a tuition credit or possibly your student has taxable scholarship income. 

If you claim the tuition credit, you do need to report that you got one or that you qualify for an exception (the TurboTax interview will handle this)

You claim the tuition credit, or report scholarship income, based on your own financial records, not the 1098-T. In the 1098-T screen, click on the link "What if this is not what I paid the school" underneath box 1. You will then be able to enter the actual amounts paid. You will also reach a screen that allows you to adjust the scholarship amount for "amounts not awarded for 2022 expenses".

Or if you find it easier, just change the numbers in boxes 1& 5 to what your records show. The 1098-T that you enter in TT is not sent to the IRS.